NEW DIRECTIONAL CALL PLAYS

Noble Energy, Inc. - NBL - close: 93.88 change: +1.65

Stop Loss: 91.75
Target(s): 99.75
Current Option Gain/Loss: Unopened
Time Frame: exit prior to earnings on Oct. 25th
New Positions: Yes, see below

Company Description

Why We Like It:
NBL is a domestic oil producer with operations around the world. The stock appears to be ending a two-week correction lower. Right now NBL is consolidating sideways in the $91-94 zone.

I am suggesting a trigger to buy calls at $94.25 with a stop loss at $91.75. Our target is $99.75. More aggressive traders could aim higher.

Trigger @ 94.25

- Suggested Positions -

buy the Oct $95 call (NBL1220j95) current ask $1.45

- or -

buy the Nov $95 call (NBL1217k95) current ask $2.90

Annotated Chart:

Entry on October xx at $ xx.xx
Average Daily Volume = 1.0 million
Listed on October 2, 2012